Switching NS&I accounts
By switching we mean moving some or all of the money you have in an existing NS&I account to a new account you open with us.
How to switch your money from one NS&I product to another
Some of our accounts can be switched using a simple online form, without needing to log in.
To switch to another NS&I account, choose from one of the accounts on this page and complete the relevant form, including the amount you want to switch and the NS&I account you are switching it from.
Once we receive your completed form we’ll open the new account and move the money across from your existing NS&I account. We’ll send you confirmation of this.
If you tell us on the form that you want to close the account you are switching from, we’ll automatically pay any remaining balance to your nominated bank or building society account on our records.
Or, if we don't hold this information, we will pay it to the bank or building society account you nominate for your new NS&I account.
Premium Bonds
3.15% annual prize fund rate
A fun way to save, with the chance to win tax-free prizes each month.
Invest from £25 to £50,000.
Direct Saver
2.60%
An easy access savings account that pays your interest yearly, to top up your savings.
Invest from £1 to £2 million.
Green Savings Bonds
3.00% Issue 3
Go green with our new fixed-rate, fixed-term Bonds.
Invest from £100 to £100,000.
Direct ISA
2.15%
Save up to £20,000 without paying a penny in tax on the interest.
Invest from £1 to £20,000 in the tax year 2022/23.
Junior ISA
3.40%
A tax free way to save for children up to the age of 18.
Invest from £1 to £9,000 in the tax year 2022/23.
Guaranteed Income Bonds
3.90% gross/3.97% AER Issue 70, 1-year fixed
Earn guaranteed monthly income for 1 year.
Invest from £500 to £1 million.
Guaranteed Growth Bonds
4.00% Issue 70, 1-year fixed
Earn guaranteed returns for 1 year.
Invest from £500 to £1 million.
Income Bonds
2.60% gross/2.63% AER
An easy access savings account that pays your interest monthly, direct to your bank.
Invest from £500 to £1 million.